According to Europe''s antitrust head, Margrethe Vestager, the architect of landmark rules to curb the power of US tech giants, called on Thursday for a global approach to Big Tech to prevent companies from exploiting enforcement barriers.
Vestager, who has paid billions of euros in fines to Alphabet''s Google and initiated investigations into Apple, Amazon, and Meta Platform''s Facebook, said there was a worldwide consensus on the issues raised by large digital platforms.
"This debate is no longer a hot topic among competition practitioners, but it deserves immediate political attention," Vestager told a conference held by the German Cartel Office. Around the world, antitrust regulators should work together to combat this issue.
"Close collaboration will be required, because we will not be short of work, and we will not be short of new services or practices," she said.
"It goes without saying that as more international competition community can harmonise our approach, the less opportunities for international technology firms to exploit enforcement gaps between our jurisdictions," said Vestager.
Apple, Google, Facebook, and the United States are also being investigated by US antitrust authorities. Big Tech is also under fire in South Korea, India, and Australia.
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Apple was accused earlier this week by EU antitrust authorities of restricting competitor''s access to its NFC chip technology, which could result in a substantial fine for the iPhone maker and forced it to open its mobile payment system to competitors.
The European Commission said it had sent a complaint complaint to Apple, detailing how the company had abused its dominant position in mobile wallets on iOS devices. Apple said it would continue to engage with the Commission.
In 2022, Thomson Reuters will make an informed decision.